Crypto Market Value , Drops Below $1 Trillion.
Reuters reports that according to CoinMarketCap, cryptocurrency market value fell to $926 billion on June 13.
Reuters reports that according to CoinMarketCap, cryptocurrency market value fell to $926 billion on June 13.
That's the first time it's dropped below
$1 trillion since January 2021.
In Nov. 2021, the global crypto
market reached $2.9 trillion.
In Nov. 2021, the global crypto
market reached $2.9 trillion.
$1 trillion in value was lost in April and May of this year as investors unloaded volatile assets amid rising inflation. .
On June 13, bitcoin dropped 18% to reach $23,750, an 18-month low.
Reuters reports that puts bitcoin
down by 50% so far in 2022.
Ether fell 15% to $1,210.
As inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters.
As inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters.
They are prime victims of the flight away from risky assets as investors fret about spiralling consumer prices around the world, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters.
They are prime victims of the flight away from risky assets as investors fret about spiralling consumer prices around the world, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters